Pajonas Thomas L 4
4 · FLOWSERVE CORP · Filed Jan 2, 2018
Insider Transaction Report
Form 4
Pajonas Thomas L
SVP & Pres. Flow Control Div.
Transactions
- Exercise/Conversion
Common Stock ($1.25 par value per share)
2017-12-29+51,925→ 111,845 total - Tax Payment
Common Stock ($1.25 par value per share)
2017-12-29$42.13/sh−24,689$1,040,148→ 87,156 total - Exercise/Conversion
Performance Rights
2017-12-29−50,000→ 76,180 total→ Common Stock (50,000 underlying)
Footnotes (1)
- [F1]Each performance right represented a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vested at a rate of 100% (plus dividends accrued on the underlying shares) based on meeting succession planning objectives in connection with Mr. Pajonas' retirement.